Cement News tagged under: usa
Cementos Argos22 February 2018, Published under Cement NewsCementos Argos has reported consolidated cement volumes of 4.04Mt in 4Q17, up 17.6 per cent compared to the same period last year. This takes the full-year volume to 16.275Mt, an increase of 16.5 per cent YoY. According to the company, the increase in volumes is due to “positive dynamics” in the US and Central America and the Caribbean regions. Revenue in 4Q17 came in at COP2107bn (US$729m), an advance of 5.1 per cent versus 4Q16, with full-year revenue of COP8533bn, a YoY improvement of ... |
US Portland and blended cement shipments up 4% in November22 February 2018, Published under Cement NewsTotal shipments of Portland and blended cement in the USA and Puerto Rico rose 4.2 per cent YoY to 8.2Mt in November 2017, according to the US Geological Survey (USGS). The leading producing states were Texas, Missouri, California, Florida and Alabama (in descending order). Around 39 per cent of these shipments were sold in Texas, California, Florida, Ohio and Georgia (the leading consuming states in descending order). Masonry cement shipments slipped to 196,000t in November 2017 whe... |
Cemex to increase its shareholding in Lehigh White Cement19 February 2018, Published under Cement NewsCemex Inc has agreed to acquire an additional 12.25 per cent stake in Lehigh White Cement Company, a manufacturer of white cement, from Lehigh Cement Company LLC for US$34m. Lehigh White's enterprise value of the transaction is about US$140m. It operates two plants in Waco, Texas, and York, Pennsylvania, with a combined white cement production capacity of approximately 255,000tpa. Following the transaction, Cemex will hold 36.75 per cent of Lehigh White. In addition, Aalborg Cement ... |
HeidelbergCement to sell to stake in Lehigh White Cement Co15 February 2018, Published under Cement NewsHeidelbergCement announces that its subsidiary Lehigh Cement Company LLC has signed an agreement to sell its 51 per cent position in Lehigh White Cement Company to the minority shareholders Aalborg Cement Company Inc and Cemex Inc. The enterprise value of the transaction amounts to about US$140m. Closing of the transaction is subject to customary conditions and is expected during the first quarter 2018. “As a niche product with small volumes, the standalone production of white cement does... |
Martin Marietta Materials’ improves prices in spite of some weak markets14 February 2018, Published under Cement NewsMartin Marietta Materials saw turnover advance by 3.8 per cent in 2017 to US$3965.6m and EBITDA was 3.4 per cent ahead at US$1004.4m, with the final quarter showing a 14.2 per cent advance. The trading profit improved by 3.4 per cent to US$700.4m while interest charge increased by 12 per cent 91.5m, giving a pretax profit two per cent ahead at US$618.9m. Thanks to a tax credit, the net attributable profit it improved by 67.7 per cent to US$713.3m. Martin Marietta's aggregates production... |
Cementos Argos sees revenues rise, but Colombia challenges income13 February 2018, Published under Cement NewsArgos reported an improvement in its revenues for 4Q17 with stable sales for the full-year 2017. While EBITDA results fell both for 4Q17 and 2017, adjustment for non-recurring severance payments and anticipated pensions took out some of the sting as adjusted EBITDA margins for 4Q17 and 2017 reached 17.8 and 17.3 per cent, respectively. However, positive dynamics in the USA and the Caribbean and Central America regions could not fully offset a more challenging home market in Colombia and the ... |
Eagle Materials reports 19% YoY rise in sales13 February 2018, Published under Cement NewsEagle Materials reported a 19 per cent YoY rise in revenues to US$359.4m for the third quarter ended 31 December 2017. Cement revenues in 3QFY17-18, including joint venture and intersegment revenues, totalled US$161.6m, up 17 per cent from the comparable period the previous year. The average net sales price during the quarter was US$106.83/t, reflecting a YoY price increase of six per cent. “Operating earnings from Cement for the third quarter were a record $52.5 million and 16% greate... |
US market continues to improve in 201705 February 2018, Published under Cement NewsCement sales in the US increased modestly in 2017 with a value of around US$12.4bn and an apparent consumption of 96.8Mt, up from 94.2Mt in 2016, according to the US Geological Survey (USGS). Production of Portland cement in the US edged up to 85.9Mt in 2017 from 84.5Mt the previous year, but output of masonry cement remained level. Cement was produced at 98 cement works in 34 states plus two plants in Puerto Rico. To meet domestic market requirements, the US imported around 12Mt of c... |
CRH02 February 2018, Published under Cement NewsCRH announced the completion of the sale of its Americas Distribution business for US$2630m at the beginning of January. |
Cementos Argos25 January 2018, Published under Cement NewsArgos USA LLC, a subsidiary of Cementos Argos SA, has sold 13 block manufacturing plants and a construction materials warehouse to Best Block LLC, a subsidiary of Quikcrete. The deal is reportedly worth US$50m. All the assets in question are located in Florida and Georgia and form part of the cement and concrete package acquired by Argos from Vulcan Materials in 2014. |